BOOKSTORES
Taitung Eslite to close
Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain (誠品書局) and other businesses in Taiwan and abroad, on Friday said it would close its Taitung store at the end of this month when the lease for the site expires. The announcement comes after the company closed an outlet in Tainan’s Anping District (安平) at the end of last month. The company had previously announced plans to close its landmark 24-hour outlet on Taipei’s Dunhua S Road at the end of next month, when its lease expires, which would reduce the number of outlets in Taiwan to 42.
AIRLINES
CAL delays new flights
China Airlines Ltd (CAL, 中華航空) on Friday announced that it would delay the launch of its flights to Cebu in the Philippines and Chiang Mai in Thailand until October. It pushed back a planned launch date of June 12 for six weekly flights to Cebu until Oct. 1 and postponed the Taiwan Taoyuan International Airport to Chiang Mai route from the original June 23 launch date to Oct. 2 amid concerns over the COVID-19 pandemic, CAL said in a statement.
INVESTMENT
CDFHC unveils dividend
China Development Financial Holding Corp’s (CDFHC, 中華開發金控) board of directors on Friday announced that it would distribute a cash dividend of NT$0.6 per share, which represented a payout ratio of 68.18 percent based on the company’s earnings per share of NT$0.88 last year. The company is the only financial holding firm among its local peers to provide a dividend yield higher than 7 percent — 7.38 percent, based on the stock’s closing price of NT$8.13 on Friday.
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market value closed above US$1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence (AI) demand. TSMC saw its Taiwanese shares climb to a record high on Friday, a near 50 percent rise from an April low. That has made it the first Asian stock worth more than US$1 trillion, since PetroChina Co (中國石油天然氣) briefly reached the milestone in 2007. As investors turned calm after their aggressive buying on Friday, amid optimism over the chipmaker’s business outlook, TSMC lost 0.43 percent to close at NT$1,150
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